{"id":50415,"date":"2023-06-24T21:20:51","date_gmt":"2023-06-24T21:20:51","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/aramco-totalenergies-sign-contracts-for-11bn-saudi-complex"},"modified":"2023-06-24T22:49:34","modified_gmt":"2023-06-24T22:49:34","slug":"aramco-totalenergies-sign-contracts-for-11bn-saudi-complex","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/aramco-totalenergies-sign-contracts-for-11bn-saudi-complex","title":{"rendered":"Aramco, TotalEnergies sign contracts for $11bn Saudi complex"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Saudi Aramco and France’s TotalEnergies on Saturday signed contracts to start building an $11 billion petrochemicals facility in the Gulf kingdom, the two companies said.<\/p>\n

A signing ceremony for the engineering, procurement and construction contracts for the Amiral complex took place at Aramco’s headquarters in Dhahran, in Saudi Arabia’s Eastern Province.<\/p>\n

The move “marks the start of construction work on the joint petrochemical expansion”, Aramco and TotalEnergies said in a joint statement.<\/p>\n

Seven companies were awarded contracts for the construction of the project in Jubail, on Saudi Arabia’s east coast. The facility is slated to begin operations in 2027.<\/p>\n

The project, first announced in 2018, represents an investment of around $11 billion, of which $4 billion will be funded through equity by Aramco and TotalEnergies.<\/p>\n

The complex will enable Saudi Arabia’s SATORP refinery to convert internally produced off-gases and naphtha, as well as ethane and natural gasoline supplied by Aramco, into higher value chemicals.<\/p>\n

It will have the capacity to produce 1.65 million tonnes per annum of ethylene and other industrial gases, Aramco said.<\/p>\n

“As part of Aramco’s growth strategy, the project is anticipated to contribute to value-addition opportunities in the kingdom’s downstream ecosystem,” Aramco president Amin Nasser said at the signing ceremony.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Saudi Aramco and France’s TotalEnergies on Saturday signed contracts to start building an $11 billion petrochemicals facility in the Gulf kingdom, the two companies said. A signing ceremony for the engineering, procurement and construction contracts for the Amiral complex took place at Aramco’s headquarters in Dhahran, in Saudi Arabia’s Eastern Province. The […]<\/p>\n","protected":false},"author":84,"featured_media":50414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,5621,1021,4702,684,2086,762,1022,348,275,2719],"class_list":["post-50415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-aramco","tag-business","tag-chemicals","tag-energy","tag-france","tag-gas","tag-investment","tag-saudi-arabia","tag-south-africa-2","tag-totalenergies"],"yoast_head":"\nAramco, TotalEnergies sign contracts for $11bn Saudi complex - South Africa<\/title>\n<meta name=\"description\" content=\"Saudi Aramco and France's TotalEnergies on Saturday signed contracts to start building an $11 billion petrochemicals fac ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/aramco-totalenergies-sign-contracts-for-11bn-saudi-complex\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aramco, TotalEnergies sign contracts for $11bn Saudi complex\" \/>\n<meta property=\"og:description\" content=\"Saudi Aramco and France's TotalEnergies on Saturday signed contracts to start building an $11 billion petrochemicals fac ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/aramco-totalenergies-sign-contracts-for-11bn-saudi-complex\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-24T21:20:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-24T22:49:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/06\/sm_1687630675.921894.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/aramco-totalenergies-sign-contracts-for-11bn-saudi-complex#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/aramco-totalenergies-sign-contracts-for-11bn-saudi-complex\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Aramco, TotalEnergies sign contracts for $11bn Saudi complex\",\"datePublished\":\"2023-06-24T21:20:51+00:00\",\"dateModified\":\"2023-06-24T22:49:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/aramco-totalenergies-sign-contracts-for-11bn-saudi-complex\"},\"wordCount\":224,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/aramco-totalenergies-sign-contracts-for-11bn-saudi-complex#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/06\/sm_1687630675.921894.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"aramco\",\"business\",\"chemicals\",\"energy\",\"france\",\"gas\",\"investment\",\"saudi arabia\",\"South-Africa\",\"totalenergies\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/aramco-totalenergies-sign-contracts-for-11bn-saudi-complex#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/aramco-totalenergies-sign-contracts-for-11bn-saudi-complex\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/aramco-totalenergies-sign-contracts-for-11bn-saudi-complex\",\"name\":\"Aramco, TotalEnergies sign contracts for $11bn Saudi complex - 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